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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2016
Dec. 31, 2015
Current assets:    
Cash and cash equivalents $ 90,357 $ 101,084
Short-term investments 45,554 108,684
Accounts receivable, net 86,958 71,125
Receivables from collaborative partners 427 562
Inventories 11,258 10,494
Income taxes receivable 14,509 6,358
Prepaid and other current assets 11,884 10,665
Total current assets 260,947 308,972
Marketable securities, long-term 1,182  
Property and equipment, net 16,065 14,794
Intangible assets, net 927,884 1,008,994
Deferred tax assets 42,344 22,995
Other assets 1,264 1,494
TOTAL ASSETS 1,249,686 1,357,249
Current liabilities:    
Accounts payable 18,471 12,805
Accrued rebates, returns and discounts 124,672 121,058
Accrued liabilities 53,363 62,931
Income taxes payable 543  
Contingent consideration liability 4,331 3,318
Interest payable 13,768 18,672
Other current liabilities 882 848
Total current liabilities 216,030 219,632
Contingent consideration liability, long-term portion 10,618 11,653
Senior Notes 465,453 563,012
Convertible Notes 248,735 237,313
Other long-term liabilities 18,119 10,584
Shareholders' equity:    
Common stock 283,899 264,511
Additional paid-in capital 79,239 78,622
Accumulated deficit (72,376) (28,024)
Accumulated other comprehensive loss, net of tax (31) (54)
Total shareholders' equity 290,731 315,055
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 1,249,686 $ 1,357,249